How has the housing crisis affected home fashion retail?

Today the nation is facing a housing crisis with homes being foreclosed at an alarming rate and two of the largest housing loan institutions, Fanny Mae and Freddie Mac, are facing bankruptcy. Therefore, Fashion is definitely suffering. Especially the the home fashion department.
since so many people are facing foreclosure they do not want to spend money on items to make their houses look better, they probably coulnt even if they wanted to due to the fact that they cannot afford it.
But anyway why would people want to spend any money to put in a house that probably has been repossed??